expensive smartphones are Veblen goods [1] by now, they mostly make no sense, but they will be bought for other reasons Personally, I won't spend more than 200

expensive smartphones are Veblen goods [1] by now, they mostly make no sense, but they will be bought for other reasons Personally, I won't spend more than 200 eur for a new phone. [1] https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good